The Income Tax Department initiated the PAN 2.0 Project to revolutionize the Permanent Account Number (PAN) system. This project focuses on improving functionality, bolstering security, and enhancing accessibility. By integrating…
India’s Direct Tax Collections Surge by 21.48% in FY 2024-25
By: Admin | September 18, 2024 | Categories: Tax Policy | 4 Min Read As of September 17, 2024, India’s Direct Tax collections for FY 2024-25 have shown remarkable growth,…
Advance Tax: Pay your second installment by September 15 to avoid penalties
By: AdminSeptember 14, 2024Categories: TAX News4 Min Read Many individual taxpayers mistakenly assume that advance tax payments are only applicable to businesspersons, companies, and corporates. However, even salaried taxpayers may…
Tax Demands Over Non-Linked PANs Leave Firms in a Tight Spot
By: Admin | August 27, 2024 | Categories: Income Tax News | 4 Min Read Many employers are grappling with demand notices from the Income Tax Department for short deduction…
Income Tax Department Releases Latest Utility and Schema of Form 3CEB
By: Admin | August 09, 2024 | Categories: Important News, Income Tax News The Income Tax Department has released the updated *Utility and Schema of Form 3CEB. This form is…
Hindustan Zinc Faces Rs 1,170-Crore Tax Demand; Company Plans to Appeal Notice
By: Admin|July 31, 2024|Categories: Income Tax News|News On July 30, Hindustan Zinc, a prominent subsidiary of Vedanta, received a significant tax demand notice amounting to Rs 1,170 crore, inclusive of…